Tencent Cloud Enters Web3, Strikes Deals with Avalanche, Ankr

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• Tencent Cloud, the cloud service business of China’s largest Internet company, announced its full entry into WEB3.
• The firm has also reinforced its Web3 speculations through foundations of future partnerships with leading Web3 brands.
• Tencent Cloud has partnered with Ankr, Avalanche, Scroll, and Sui to develop blockchain API services and deploy nodes on Tencent Cloud.

Tencent Cloud Entering Web3

Tencent Holdings’ cloud service provider, Tencent Cloud, announced its interest in Web3 on Feb. 22. The company is targeting pillars such as storage, security, identity, data and analytics in order to provide virtual experiences for brands, organizations, companies and governments around the globe. They plan to do this by developing a full suite of blockchain API services as well as debuting the Tencent Cloud Metaverse-in-a-Box offerings.

Partnerships With Leading Web3 Brands

Tencent Cloud has signed a memorandum of understanding (MoU) with Ankr to develop blockchain API services and an alliance with Avalanche to deploy nodes on Tencent Cloud which will enable developers set up nodes quickly. Additionally it is partnering with Scroll and Sui for further cooperation.

Senior Vice President’s Statement

Poshu Yeung – Senior Vice President at Tencent Cloud – acknowledged the potential that exists where physical and digital worlds meet during the first Global Web3 Summit. He noted that the firm would be commencing virtual projects while leveraging their experience in technical support to grow the virtual space further.

New Products Unveiled

Tencent Cloud is unveiling new virtual experiences by releasing their new product ‘Tencent Cloud Metaverse-in-a-Box’ which will improve online users’ experience as well as developers’ experience too.

Conclusion

Tencent Cloud entering web 3 is a big step forward for both them and their partners who have collaborated in order to bring forth this project successfully. The partnerships that have been established are likely to lead towards increased efficiency within the system while opening up various opportunities for growth too!